58 days ago by James Penstone

Image by bobster855 (flickr.com Some rights reserved ) All economies need to answer the three basic questions which result from the fact of scarcity: What to produce How to produce For whom to produce For a planned economy, we need to reserach the following: a) How it works – how does it anser the t ...

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209 days ago by Steve Latter

An economics professor at Texas Tech said he had never failed a single student before but had, once, failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said ok, we will have an experiment ...

Welker's Wikinomics Blog - welkerswikinomics.com/blog · 26 references